Third Round of Disney Layoffs Underway Company-Wide

Third Round of Disney Layoffs Underway Company-Wide

The third wave of Company-Wide Disney layoffs is underway now according to Deadline.

Following our previous report, it has been confirmed that the ongoing cuts at Disney are estimated to affect more than 2,500 jobs across various divisions within the company. While Parks and Resorts remain relatively unaffected, the current round of layoffs is not specific to any particular division. Sources indicate that television, which experienced significant cuts in the previous round, will see fewer layoffs this time around.

Related – Bob Iger Tells Disney Management To Identify Layoff Candidates Aims to Cut $5.5 Billion

As previously outlined by Disney CEO Bob Iger in late March, these layoffs mark the conclusion of the significant downsizing efforts for the foreseeable future. However, there may still be some smaller-scale cuts expected in the coming months, according to insiders.

The initial wave of layoffs commenced on March 27th, when Iger announced the plan for three rounds of workforce reductions, ultimately resulting in a reduction of approximately 7,000 employees.

The second wave, which was the largest, began on April 24 and led to the elimination of an additional 4,000 positions. The company had previously indicated that a third round of layoffs would occur before the start of summer.

Related – Bob Iger Confirms First Round of Layoffs is to Begin this Week through Summer

These new layoffs coincide with the challenges faced by media companies due to the ongoing writers’ strike, causing disruptions in film and TV development and production.

Disney had previously revealed plans to achieve $5.5 billion in cost savings through these workforce reductions and other austerity measures. Staff cuts will also impact ESPN and Parks, Experiences, and Products, alongside the Entertainment division. It is important to note that frontline operational workers at the company’s theme parks are not expected to be affected.

Iger initiated plans for downsizing shortly after resuming his role as Disney CEO in November, focusing on streamlining the centralized distribution organization established by his predecessor, Bob Chapek.

As part of the cost-cutting measures, Disney is also beginning to remove several titles from its streaming platforms this week.

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